NatWest Intermediary Solutions is launching 12 new deals and making some rate cuts in its buy-to-let range.
There are six new three-year buy-to-let deals being launched, at 60%, 70% and 75% LTV which are exclusive to the intermediary channel.
In addition, there are two new two and five-year fixed rate and two new two-year tracker products added to the portfolio.
Also, there are rate cuts being made to many of its existing buy-to-let deals of up to 64bps.
Mark Bullard, head of sales, NatWest Intermediary Solutions said: “We have had a very good response to the improvements we have introduced to our buy-to-let proposition in the last six months. The optimism for growth in this sector that our research identified at the end of 2013 appears to have been correct as buy-to-let volumes having increased in the first few months of this year.
“With the demand for buy-to-let lending set to continue, we are delighted to be able to support intermediaries with new products and rate cuts, especially the new 3 year term range that will make our proposition even more attractive. The appeal of the two new 5 year deals we launched in March has led to us adding three more 5 year term mortgages to our buy-to-let offering.”
The new buy-to-let purchase and remortgage deals being launched are:
- 2 year fixed rate 2.99%, 70% LTV, £1,995 product fee
- 2 year fixed rate 3.99%, 70% LTV, no product fee
- 3 year fixed rate 3.09%, 60% LTV, £1,995 product fee (exclusive to intermediaries)
- 3 year fixed rate 3.99%, 60% LTV, no product fee (exclusive to intermediaries)
- 3 year fixed rate 3.45%, 70% LTV, £1,995 product fee (exclusive to intermediaries)
- 3 year fixed rate 4.25%, 70% LTV, no product fee (exclusive to intermediaries)
- 3 year fixed rate 3.59%, 75% LTV, £1,995 product fee (exclusive to intermediaries)
- 3 year fixed rate 4.49%, 75% LTV, no product fee (exclusive to intermediaries)
- 5 year fixed rate 4.79%, 60% LTV, no product fee
- 5 year fixed rate 4.09%, 70% LTV, £1,995 product fee
- 2 year tracker 2.59%, 70% LTV, £1,995 product fee
- 2 year tracker 3.59%, 70% LTV, no product fee
The buy-to-let purchase and remortgage fixed rate and tracker deals that are having their rates reduced are:
- 2 year fixed rate decreasing to 2.65% from 2.99%, 60% LTV, £1,995 product fee
- 2 year fixed rate decreasing to 3.85% from 4.09%, 60% LTV, no product fee
- 2 year fixed rate decreasing to 3.15% from 3.39%, 75% LTV, £1,995 product fee
- 5 year fixed rate decreasing to 3.95% from 3.99%, 60% LTV, £1,995 product fee
- 5 year fixed rate decreasing to 4.29% from 4.39%, 75% LTV, £1,995 product fee
- 2 year tracker decreasing to 2.25% from 2.89%, 60% LTV, £1,995 product fee
- 2 year tracker decreasing to 3.45% from 3.99%, 60% LTV, no product fee
- 2 year tracker decreasing to 2.75% from 3.29%, 75% LTV, £1,995 product fee
- 2 year tracker decreasing to 3.85% from 4.15%, 75% LTV, no product fee